自从去年雷曼兄弟破产以来,公司就一直在担心若出售套期保值合约的公司倒闭,合约是否还能得到兑现。
Ever since the collapse of Lehman Brothers last year, firms have been worrying about whether they will ever be able to collect on the hedging contracts they have bought if their bank collapses.
由于针对喷气燃料的远期期货市场流动性不佳,绝大多数的套期保值交易都是以西德克·萨斯轻质原油期货合约为交易标的的。
Long-dated futures markets for jet fuel are highly illiquid. Much of the hedging is carried out with WTI contracts but the actual fuel is mainly refined from pricier oils.
高盛在周日发表的报告中称,套期保值活动可能导致这些合约涨势停顿。
In a Sunday note, Goldman Sachs said the hedging activity could cause the rally in those contracts to stall.
利用品种不同但价格相关性强的期货合约为现货市场的头寸进行套期保值。
Hedging a cash market position in a futures contract for a different but price-related commodity.
生产商套期保值已打压较长期限合约,导致价差收窄。
Producer hedging has pressured longer-dated contracts, contributing to the narrower spread.
交叉避险利用品种不同但价格相关性强的期货合约为现货市场的头寸进行套期保值。
Cross-Hedge means hedging a cash market position in a futures contract for a different but price-related commodity.
作为有效的套期保值手段,合约交换需要有一定程度的特化。
To be useful hedges, swaps need to have a degree of specialisation.
这说明在一般情况下,具有动态特征的计量模型适合于较长的期货合约,其套期保值效果更好。
Explain the futures contracts are longer, the better the effect of hedging estimated from the dynamic econometric models.
三是利用多种期货合约对一种现货进行套期保值分散了基差风险。
Thirdly, we use multiple futures to hedge single cash to disperse the basis risk.
引入多个期货合约收益率向量代替单个合约的收益率,推导出多种期货合约对一种现货进行套期保值模型,解决了交叉套期保值的基差风险分散问题。
We introduce the futures return vector to replace the single future return, deduce the multiple futures to single cash hedge model to realize the dispersion of basis risk.
特别是在我国股指期货推出之前,对运用仿真沪深300股指期货合约与不同ETF产品的交叉套期保值效果进行了较为全面和系统的分析比较。
Especially, on the expectation of China first index futures, this paper systematically compared Hushen 300 index futures's different cross-hedging performances on ETFs.
中国期货市场主力合约在时间维度上的这种远期性特征与套期保值和定价功能发挥所要求的近期性特征无法一致,这样就严重影响了期货市场这两种功能的发挥和作用。
S sight contracts come into being by hedger's need for sight contracts in real economy. The time feature of dominant contracts on China's futures market cannot match with the sight feature req…
中国期货市场主力合约在时间维度上的这种远期性特征与套期保值和定价功能发挥所要求的近期性特征无法一致,这样就严重影响了期货市场这两种功能的发挥和作用。
S sight contracts come into being by hedger's need for sight contracts in real economy. The time feature of dominant contracts on China's futures market cannot match with the sight feature req…
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